Cost accounting identifies the essential data for manufacturing managers to measure and evaluate performance through planning and controlling costs, costing products and services, and providing information to customers. This session will cover the basic concepts and strategies associate with various types of costs and costing systems. This session will also focus on the concepts and theories of pricing strategies and the impact and alignment with cost accounting. Attendees will be provided with insight into trends, challenges and opportunities as these decisions lead to financial accounting and taxation implications.
The session will cover the following key elements:
Types of costs and their impact on cost accounting practices
Cost based pricing versus market based pricing
Pricing strategies and their obstacles
Tax implications of transfer pricing and revenue recognition